Life360, Inc. (NASDAQ:LIF) CFO Sells $128,536.64 in Stock

Life360, Inc. (NASDAQ:LIF) CFO Russell John Burke sold 3,104 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $41.41, for a total value of $128,536.64. Following the completion of the transaction, the chief financial officer now directly owns 154,962 shares of the company’s stock, valued at approximately $6,416,976.42. The trade was a 1.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Russell John Burke also recently made the following trade(s):

• On Tuesday, December 10th, Russell John Burke sold 3,104 shares of Life360 stock. The shares were sold at an average price of $43.97, for a total value of $136,482.88.

Life360 Trading Up 0.6 %

Shares of Life360 stock opened at $42.37 on Friday. The company’s 50 day moving average is $44.75. Life360, Inc. has a 12-month low of $26.00 and a 12-month high of $52.76.

Hedge Funds Weigh In On Life360

Hedge funds have recently made changes to their positions in the company. Regal Partners Ltd purchased a new stake in Life360 during the 2nd quarter valued at about $23,635,000. XY Capital Ltd purchased a new stake in Life360 in the second quarter valued at approximately $205,000. Emerald Mutual Fund Advisers Trust purchased a new stake in Life360 in the second quarter valued at approximately $5,488,000. Emerald Advisers LLC acquired a new position in Life360 in the 2nd quarter worth approximately $6,777,000. Finally, Point72 DIFC Ltd purchased a new position in Life360 during the 2nd quarter worth approximately $43,000. 20.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Stifel Nicolaus increased their price target on shares of Life360 from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Canaccord Genuity Group increased their target price on shares of Life360 from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. UBS Group lifted their price target on shares of Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, JMP Securities increased their price objective on Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $47.00.

Life360 Company Profile

Life360 Inc is a family connection and safety company. Its business category includes mobile app and Tile tracking devices with a range of services, including location sharing, safe driver reports and crash detection with emergency dispatch. Life360 Inc is based in SAN FRANCISCO.